JCB, an international card organisation based in Japan, is now available in 150 countries and regions worldwide and has 146 million members, most notably in the Asia Pacific region. After several reviews undertaken by JCB, PingPong has formally become the card issuer's member organisation in Hong Kong according to their cooperation agreement.
With the collaboration, the firm enables merchants in Hong Kong to receive payments from JCB cardholders in addition to VISA, MasterCard, American Express, UnionPay, and Discover, further increasing their customer touchpoints.
Compared with banks, international card organisations have traditionally put in place more stringent membership requirements for non-bank payment institutions, which include a comprehensive assessment of payment service providers' compliance and operational qualifications, transaction history, risk management capabilities, customer service, and brand recognition across the cross-border payment sector.
The direct partnership with JCB further strengthens PingPong's cross-border payment channels in the APAC region, in addition to its consumer coverage in North America and Europe. As PingPong continues to purpose build for the evolving cross-border ecommerce industry, this progress will augment PingPong's ability to provide more processing services.
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